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Search Results 0 to 27 of about 28 (some duplicates have been removed)
, the man who served as secretary for bill clinton. robert reich. and grover norquist, president of americans for tax reform. we're coming right back. >>> welcome back. something that very possibly could come up tonight is governor romney floating the idea of capping tax deductions at $17,000. would that effectively be a tax increase? and would it work to bring down the deficit? with us now robert reich who served as labor secretary under bill clinton and grover nor qui quist. >> he's made that commitment as has paul ryan and certainly the vast majority of republicans in the house. which is a commitment not to raise overall taxes. romney's committed to cutting all tax rates at least 20%. ryan and the house republicans want to go to a top rate of 25% corporate and individual. romney's made it clear. any changes are in the context of keeping overall taxes from going up and making sure the middle class doesn't get hit request higher taxes. it's not a tax increase, he's made that clear. >> mr. secretary, a lot of discussion about whether or not the wealthy or the middle class familie
clinton was president, when we created 23 million new jobs, went from deficit to surplus, and created a whole lot of millionaires to boot. the reason this is important is because by doing that we can not only reduce the deficit, we can not only encourage job growth through small businesses but we're also able to make the investments necessary in education or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says well those top 3%, they're the job creators. they'd be burdened. but under governor romney's definition, there are a whole bunch of millionaires and billionaires who are small businesses. donald trump say small business. and i know donald trump doesn't like to think of himselfs as small anything, but that's how you define small businesses if you're getting business income. and that kind of approach i believe will not grow our economy because the only way to pay for it without either burdening the middle class or blowing up our deficit is
culminated in the worst financial crisis since the great depression. bill clinton coined the approach i'm talking about. created 23 million new jobs, went from deficit to surplus, and businesses did very well. so in some ways we've got some data on which approach is more likely to create jobs and opportunity for americans, and i believe that the economy works best when middle class families are getting tax breaks so they've got money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that question live in, that we can afford to do a little more to make sure we're not blowing up the deficit. >> the president began this segment, so i think i get the last word. so i'm going to take it. >> you'll get the first word in the next segment. >> he gets the first word in this segment, i get the last word i hope. >> that's okay. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. i'm not putting in place any tax cut that will add to the deficit. that's point one. you can keep referring to a $5 trillion tax cut, but that's not my pl
that we had when bill clinton was president when we created 23 million new jobs, went from deficit to surplus, and created a whole lot of millionaires to boot. and by doing that, we cannot only reduce the deficit, encourage job growth through small businesses but we're also able to make the investments necessary in education or energy, and we do have a difference, though, when it comes to deaf situations of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says well those top 3% they are the job creators, they would be burdened. but they are a whole bunch of million ayers and billionaires who are small businesses. donald trump is a small business. that's how you define small business if you are getting business income. and that kind of approach i believe will not grow our economy, because the only way to pay for it without either burdening the middle class or blowing up our deficit is to make drastic cuts in things like education, making sure that we are continuing to invest in basic science and
Search Results 0 to 27 of about 28 (some duplicates have been removed)

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